Refco SEC listing filing values broker at up to $2.68bn

In a Securities and Exchange Commission (SEC) filing in the
run up to its planned IPO, Refco Group has priced its shares in
a range which valued the company at up to $2.68bn.

In its S-1 filing, Refco said that a total of 25m shares
would be released into the open market, initially priced at
$19-21.

This sale would represent 19.6% of the firm's total
capitalisation, with 44% held by private equity firm Thomas H
Lee and the remaining 36.4% with president and CEO Phillip
Bennett and other directors and management.